Benchmark Mortgage Rate Nearing Its 8-Year High
Having slipped at the end of October, the average rate for a benchmark 30-year mortgage increased 11 basis points over the past week to 4.94 percent, which is 104 basis…
Mortgage Rates Slip but Hover near 8-Year Highs
Having jumped to 4.9 percent in early October, which was the highest average rate since early 2011, the average rate for a benchmark 30-year mortgage has slipped 7 basis points…
Benchmark Mortgage Rate Jumps, Nearing an Eight-Year High
The average rate for a benchmark 30-year mortgage jumped 18 basis points over the past two weeks to 4.90 percent, which is now 99 basis points above its mark at…
Benchmark Mortgage Rate Rises to New Seven-Year High
The average rate for a benchmark 30-year mortgage jumped another 7 basis points over the past week to 4.72 percent, which is 89 basis points above its mark at the…
The Fed Raises Rates, Signals Another Hike in 2018
As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for another quarter-point…
Benchmark Mortgage Rate Effectively Hits a Seven-Year High
The average rate for a benchmark 30-year mortgage ticked up another 5 basis points over the past week to 4.65 percent, which is 82 basis points above its mark at…
Mortgage Rates Rise, Largest YOY Increase since 2014
The average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 4.6 percent, which is 82 basis points above its mark at…
Mortgage Rates Inch Up, Probability of a Rate Hike Hits 100 Percent
The average rate for a benchmark 30-year mortgage inched up 2 basis points over the past week to 4.54 percent, which is 76 basis points above its average rate of…
Benchmark Mortgage Rate Hovering Around 4.5 Percent
Having bounced around a narrow 15 basis point band over the past four months, the average rate for a benchmark 30-year mortgage has been hovering around 4.5 percent over the…
Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent
The average rate for a benchmark 30-year mortgage slipped 7 basis points over the past two weeks to 4.53 percent but remains 64 basis points above its mark at the…